Legacy: Gulf - AL-Monitor: The Middle Eastʼs leading independent news source since 2012

Legacy: Gulf

The PwC Tower, or Libeskind Tower, Milan, March 12, 2021.

Analysis

Can Gulf states slash costly reliance on Western consultancies?

A one-year ban on PwC acquiring work in Saudi Arabia has highlighted the Gulf states' dependency on Western firms and the need to develop local consultancies and talent.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019.

Analysis

Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?

Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious Vision 2030 projects. Saudi-led OPEC has also deferred an output increase plan to allow more time to reach desired oil prices.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel

GIUSEPPE CACACE/AFP via Getty Images

UAE's final unit of Barakah nuclear reactor hooked to grid: What we know

The Emirates is the only Gulf country with a nuclear power program, though neighboring Saudi Arabia also has atomic power ambitions.

United Arab Emirates

A cargo ship is docked at the port of Yemen's Huthi-held city of Hodeida on July 28, 2024. Photo by -/AFP via Getty Images)

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Latest News

Analysis

Telegram CEO's arrest spotlights UAE’s investment-based citizenship laws

MUNICH, GERMANY - JANUARY 24: Pavel Durov of Vkontakte speaks during the Digital Life Design conference (DLD) at HVB Forum on January 24, 2012 in Munich, Germany. ence and culture which connects business, creative and social leaders, opinion-formers and investors for crossover conversation and inspiration. (Photo by Nadine Rupp/Getty Images)

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Heavy floods hit Dubai, airport as Oman toll rises to 18

Dubai's roads were badly hit by the heavy downpours

Agence France-Presse

Oman launches $5 billion 'Future Fund' in sign of economic progress

HAITHAM AL-SHUKAIRI/AFP via Getty Images

Al-Qaeda attack in Yemen kills 2 members of southern forces

Security forces deploy near Aden International Airport in Yemen's southern city on April 14, 2023 during a prisoner exchange between the internationally recognised-government and the Sanaa-based Huthi rebels.

AHMAD GHARABLI/AFP via Getty Images

Gulf asks India to increase flights as GCC, Indian officials meet in Saudi

Emirates, Jazeera and Turkish Airlines want India to allow more flights, but Indian authorities told Reuters they have no plans to do so.

JOSEPH EID/AFP via Getty Images

Culture

2023 Mideast happiness rankings: UAE, Israel happiest as Lebanon hits bottom

The Middle East and North Africa region remains the least happy region after sub-Saharan Africa globally, but several regional nations have become happier in comparison to the previous period.

YASSER AL-ZAYYAT/AFP via Getty Images

Culture

UAE discovers Gulf's oldest known pearling town

The town discovered on Siniyah Island showed clear evidence of its pearling industry from the sixth century AD.

An undated image of Saad Ibrahim Almadi.

Saudi Arabia releases US citizen Almadi jailed over tweets

Saad Ibrahim Almadi was released after 16 months in prison but remains in Riyadh under a travel ban, according to his son.

An undated image of an Infinity Power COP27 solar plant.

UAE-Egypt firm Infinity Power strikes Africa's 'biggest renewable energy deal'

Infinity Power says it plans to install and operate 2 gigawatts (GW) of greenfield projects by 2025 with this deal, powering projects in South Africa, Egypt and Senegal.

A picture taken in the Saudi Red Sea coastal city of Jeddah on July 14, 2022, ahead of a visit by the United States' president to the desert kingdom, shows hosts and journalists during a presentation on the Saudi Green Initiative, which also includes goals for tree-planting and reducing emissions. - (Photo by Amer HILABI / AFP) (Photo by AMER HILABI/AFP via Getty Images)

Saudi Arabia tech talent unlikely to meet industry needs by 2030

Saudi Arabia aims to be a tech hub by 2030, but regional competition over talent and investment will complicate their efforts. (Pro subscribers only)

Tamara Juburi

UAE President Sheikh Mohammed bin Zayed welcoming his Syrian counterpart Bashar Al-Assad on Sunday in Abu Dhabi

Analysis

Assad's UAE visit aims to facilitate aid routes, Syria's return to Arab League

Proposals to facilitate humanitarian aid and bring Syria back into the Arab League topped the agenda in the Syrian president’s second visit to the United Arab Emirates since the beginning of the civil war.

By Salim A. Essaid

Oil prices fall, Saudi National Bank loses $1 billion over Credit Suisse

The drop in oil prices followed more troubling global financial news as UBS bought out Credit Suisse.

Qatar's Emir and Paris Saint-Germain owner Tamim bin Hamad Al-Thani (C) looks on during the UEFA Champions League round of 16 second-leg football match between Paris Saint-Germain (PSG) and Manchester United at the Parc des Princes stadium in Paris on March 6, 2019. (Photo by FRANCK FIFE / AFP) (Photo credit should read FRANCK FIFE/AFP via Getty Images)

Qatar's Manchester United takeover could monetize new Mideast fan base

A Qatari takeover of the English soccer club would “turbocharge” the global presence of the English Premier League, analysts told Al-Monitor

A member of the US Airforce looks on near a Patriot missile battery at the Prince Sultan air base in Al-Kharj, in central Saudi Arabia on February 20, 2020.

US officials skeptical of China's deal but concerned about deterring Iran

China’s diplomatic reach into heart of Middle East was an unmistakable signal to Washington. Read more in the weekly security-focused newsletter from Al-Monitor’s Pentagon Correspondent Jared Szuba.

Iraqi Prime Minister Mustafa Al-Kadhimi leaves Downing Street after a meeting with British Prime Minister Boris Johnson on October 22, 2020 in London, England. (Photo by Dan Kitwood/Getty Images)

Explainer: How Iraq planted the seeds for China's Saudi-Iran deal

Iran and Saudi Arabia finalized their negotiations in Beijing after five sessions of mediation in Baghdad since 2019.

UAE center unveils Falcon LLM, 'better, faster' ChatGPT rival

The model claims to use only 75 percent of GPT-3’s training compute time, and 40 and 80 percent of DeepMind’s Chinchilla NLP and Google’s PaLM-62B compute times, respectively.